Funding and M&A Roundup: EV Charging Company Erapid Raises $32 Million

Solar AI Startup Cosmos Innovation Raises $19.7 Million

October 25, 2023

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Erapid, an electric vehicle (EV) charging solutions provider, raised €30 million (~$32 million) from Aviva Investors, the global asset management business of Aviva. The phased investment by Aviva Investors, as part of its Climate Transition Real Assets strategy, will enable Erapid to expand its operational capabilities and network of chargers across Ireland. Erapid trades in Ireland as EasyGo and CarCharger EV and currently manages over 4,000 charging points in 1,500 locations across the country. In addition, and as part of the transaction, Rubicon Capital Advisors, an Irish-based merchant banking boutique and one of Erapid’s largest shareholders, will also increase its stake in the company to further assist with the growth of the business.

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